Our Socio-economic Footprint
Our True Value of Retail Report shares our socio-economic footprint with stakeholders. It was launched in early 2017 with events in Bristol, Leeds and Dublin. The findings of the report highlight the sheer scale of the impact that our retail destinations are having on the local economy and community, and their combined significance for the national economy. They also present us with clear asset specific and group wide baselines from which to measure our performance as we head towards being Net Positive for socio-economic impacts by 2030.
Stakeholders from Bristol joined us as we shared key findings for the Hammerson Group, and showcased headline data for the city of Bristol.
Key Findings of the research
Here we share a few of our Group Wide headline impacts.
For more please download our True Value of Retail: Our Socio-economic Footprint report.
- 40,000 full-time jobs created across Hammerson’s portfolio of retail destinations, with a combined annual wage bill of £800m
- Local residents secure 82% of retail jobs, with almost half (48%) of those under the age of 25
- £40 million invested annually by retailers in skills and training for employees
- £300 million in taxes and national insurance contributions generated by employment through Hammerson’s portfolio
- Business rates from our UK shopping centres and retail parks currently contribute £250 million to the public purse
- Estimated £7 million of yearly cost savings to Government from reduced unemployment benefits and related costs through job creation
Asset Specific Footprints
We have also produced footprints for each of our assets. For Bristol, Leeds and Ireland we have created case study books that share some of the headlines from those footprints and take a look at some of the projects helping to deliver positive impacts.
Download our Socio-economic Footprint for Bristol
Download our Socio-economic Footprint for Leeds
Download our Socio-economic Footprint for Ireland
Download our Socio-economic Footprint for Birmingham
Our Socio-economic film
We also presented the fourth video in our series of short films showcasing Net Positive and activity across the Hammerson group. We hope you enjoy. Please see the other films in our series on our Mini Film Series page.